Resolution 16-002 Banking Authority CITY OF SPOKANE VALLEY
SPOKANE COUNTY,WASHINGTON
RESOLUTION NO. 16-002
A RESOLUTION OF THE CITY OF SPOKANE VALLEY, SPOKANE COUNTY,
WASHINGTON, DECLARING WHICH QUALIFIED PUBLIC DEPOSITORIES THE CITY IS
AUTHORIZED TO CONDUCT FINANCIAL TRANSACTIONS WITH, DECLARING WHICH
COUNCIL MEMBERS AND CITY OFFICERS HAVE SIGNING AUTHORITY PURSUANT TO
SPOKANE VALLEY MUNICIPAL CODE 3.55.010;REPEALING RESOLUTION 09-006 AND 14-
001, AND OTHER MATTERS RELATING THERETO.
WHEREAS, the City Council has authority, pursuant to Spokane Valley Municipal Code
3.55.010 to declare by resolution which qualified public depositories the City may use to pay its
claims or obligations, and to declare three Councilmembers and those City officers who are
authorized to make payments on claims or obligations of the City; and
WHEREAS, it is necessary from time-to-time to update which qualified financial
depositories the City does its banking with, as well as to update those Councilmembers and City
officers who are authorized to sign checks on behalf of the City at those depositories or otherwise
conduct the financial affairs of the City.
NOW THEREFORE, be it resolved by the City Council of the City of Spokane Valley,
Spokane County, Washington, as follows:
Section 1. Authorized Qualified Public Depositories for Making Payments on Claims
or Obligations of the City. The City of Spokane Valley is authorized to use Banner Bank,
Mountain West Bank, Umpqua Bank and other public depositories as listed on the Washington
Public Deposit Protection Commission listing of approved banks, for public deposits, checks, and
making fund transfers to and from accounts.
Section 2. Councilmembers Designated to Have Signature Authority at Qualified
Financial Depositories for Making Payments on Claims or Obligations of the City. Pursuant to
SVMC 3.55.010, the following Councilmembers are given signing authority on behalf of the City
to make payments on claims or obligations of the City:
L.R. Higgins
Arne Woodard
Dean Grafos
Section 3. City Officers Designated to Have Signature Authority at Qualified
Financial Depositories for Making Payments on Claims or Obligations of the City and Investing
Public Monies. Pursuant to SVMC 3.55.010, the following City Officers are given signing
authority on behalf of the City to make payments on claims or obligations of the City,to invest its
public monies with the Local Government Investment Pool, and make all appropriate transfers
related thereto:
Mike Jackson, City Manager
Chelsie Taylor, Finance Director
Dan Duffey, Accounting Manager
Resolution 16-002 Declaring Banking Authority Page 1 of 2
Section 4. Repeal. Resolutions 09-006 and 14-001 are hereby repealed in their
entirety.
Section 5. Effective Date. This Resolution shall be effective upon adoption.
PASSED by the City Council of Spokane Valley, Washington this 12`1'day of January,2016.
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Christine Bainbridge, City Cler
Approved as to Form:
Office the City Attorney
Resolution 16-002 Declaring Banking Authority Page 2 of 2